E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/6/2020 in the Prospect News Emerging Markets Daily.

New Issue: Hong Kong’s Xingchang sells $160 million of 5˝% bonds due 2023

By Sarah Lizee

Olympia, Wash., July 6 – Xingchang International Co. Ltd. priced $160 million of 5˝% bonds due 2023 guaranteed by Zhejiang Changxing Financial Holdings Group Co., Ltd., according to a listing notice.

Guoyuan Capital, Zhongtai International, Haitong International and Guotai Junan International are the joint global coordinators and are joint bookrunners and joint lead managers alongside Hung Sing Securities Ltd., CNCB Capital, Bocom International HK and Sinoko Capital Ltd.

The co-manager is East Asia Qianhai Securities.

Listing was expected for Monday.

The investment company is based in Hong Kong.

Issuer:Xingchang International Co. Ltd.
Guarantor:Zhejiang Changxing Financial Holdings Group Co., Ltd.
Issue:Bonds
Amount:$160 million
Maturity:2023
Bookrunners:Guoyuan Capital, Zhongtai International, Haitong International, Guotai Junan International, Hung Sing Securities Ltd., CNCB Capital, Bocom International HK and Sinoko Capital Ltd.
Coupon:5˝%
Listing date:July 6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.